Netpick’s Lock and Walk Strategy

Netpicks is an organisation headquartered in Texas USA and has been providing Forex and future trading since 1996. Netpicks has a team of highly trained and experienced traders who are very efficient and passionate about helping new traders. The company offers trading education for all traders with their systems designed with specific goals in mind. Netpicks offers trade education on the following topics; sticks, options and ETFs, and Forex in both day and swing trading.

There was a predicted choppy market experience during the summer months of 2017. This choppy markets situation was brought about by the technology sector sell-off that occurred during July 2017. This opened a door for a very negative nervous attitude for the investors who considered the markets to be unstoppable. Such market environments during the summer months are not uncommon as some months are low-income. Read this relevant article.

There is a strategy that had successfully worked before that was designed for those who want to make maximum capitalisation on such markets. This strategy I called Lock and Walk strategy, and it is intended to respect the support and resistance levels in Nasdaq 100 NDQ, -0.70% and then to trade the ProShares UltraShort QQQ QID, +1.13%, and the ProShares Ultra QQQ, -1.27% when resistance and support levels are tested or broken. For more article about socially responsible investment, click on this.

It is easier to make use of the following set of rules; sell QLD if support breaks and target resistance to sell if QLD tests support. The other set of rules states that one should sell QID if resistance breaks and target support to sell if QID tests stability. These rules are utterly familiar to people who work in technical analysis in the trade industry as well as those who have gone through the Netpicks system. This means that one should buy near support and sell near resistance and if support breaks one should stop out. More about swing trading here.

There is, however, another important rule which is associated with the Lock and Walk strategy, this rule states that if the policy has 67 basis points in gains, it is designed to shut down and wait until the next trading session to begin operations. The most important thing is to realise that the strategy is applied to work in short-term that is why it is so successful in choppy markets. Get connected now, hop over to netpicks.mykajabi.com.